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A comment on Risky Mortgage Bonds Are Back and Delinquencies Are Piling Up. Parent comment

Re:Risky Mortgage Bonds Are Back and Delinquencies Are Pilin... by notadoc on Tuesday November 05, 2019 @04:28PM (#21456897)
> Mortgage debt will probably not be a problem in this cycle.

Disagree if you consider that many people are getting mortgages on overvalued properties at or near market peaks now, and in another significant downturn those could easily be underwater by 15%-50%. The same thing happened widely in the prior real estate bust in many trendy areas, leading to many foreclosures.

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Re:Risky Mortgage Bonds Are Back and Delinquencies Are Pilin... by fortran77 on Tuesday November 05, 2019 @04:31PM (#21456917)
The biggest damage was in non-trendy areas like Las Vegas suburbs or Orlando suburbs.
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Re:Risky Mortgage Bonds Are Back and Delinquencies Are Pilin... by losteric on Tuesday November 05, 2019 @04:50PM (#21457103)
I only see this happening in exploding tech markets like SF, where the impact would honestly be minimal - some people might have to downsize but we wouldn't see mass unemployment or homelessness/crippling debt like after 2008.
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